Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Free Report) have earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $20.21.
HST has been the topic of a number of recent research reports. Oppenheimer raised shares of Host Hotels & Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Thursday, July 20th. Wedbush initiated coverage on Host Hotels & Resorts in a research report on Tuesday, October 3rd. They set an “outperform” rating and a $19.00 price objective on the stock. StockNews.com upgraded Host Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday. HSBC began coverage on Host Hotels & Resorts in a report on Monday, October 23rd. They set a “buy” rating and a $21.00 price target on the stock. Finally, Morgan Stanley dropped their price objective on shares of Host Hotels & Resorts from $15.50 to $15.00 and set an “underweight” rating for the company in a research note on Friday, August 25th.
Host Hotels & Resorts Trading Down 0.5 %
Host Hotels & Resorts Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were issued a dividend of $0.18 per share. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend was Thursday, September 28th. Host Hotels & Resorts’s payout ratio is currently 68.57%.
Institutional Trading of Host Hotels & Resorts
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. West Tower Group LLC acquired a new stake in shares of Host Hotels & Resorts during the second quarter valued at about $25,000. Brown Brothers Harriman & Co. grew its position in Host Hotels & Resorts by 1,921.5% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company’s stock valued at $26,000 after acquiring an additional 1,249 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Host Hotels & Resorts during the second quarter worth about $30,000. Belpointe Asset Management LLC lifted its position in shares of Host Hotels & Resorts by 66.2% during the first quarter. Belpointe Asset Management LLC now owns 1,871 shares of the company’s stock worth $31,000 after purchasing an additional 745 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Host Hotels & Resorts by 146.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,643 shares of the company’s stock valued at $32,000 after purchasing an additional 976 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.
Host Hotels & Resorts Company Profile
Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 41,900 rooms.
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